if you zoom the chart you can see the targets. we have target 1.1, 1.2, 2.1 and 2.2. in this setup we are concentrate only for target 1. target 2 is active if target 1.1 completed, right? okay.
i use the pricelist of jfd brokers, so i can tell you only the levels for this broker. but this list is nearly
to the real forex market. no market making
okay back to the chart. now we've got a good position to sell, because the price is for an important pricelevel. 0.7085. is this price triggering this level so we know that the price will growing up to target 1.2 before attack to target 1.1. if the price stop before 0.7085 is our concentration for a short setup to target 1.1. is target 1.1. finish is target 1.2 finish, too. after finish target 1.1 is the concentration to target 2. this setup is a popgun trading setup. no bottomfishing!!!
for the guys which trade on jfd brokers.
sell now with sl: 0.70858
buy over 0.70858 with sl 0.69711
good luck good trades
p.s. don't forget the 5 bars left rule for a real popgun. no later than friday next week must the popgun to be exploded!